Tag Archives: #FOMC

The bulls are trying to hold above 1.1300 what we find as a positive development. Daily close above may open the way towards the 1.1450/1550 levels that are close to the top of the channel. On the other hand daily close below 1.1300 will negate the bullish scenario and may expose the 1.1200 ahead of psychological 1.1000. Should you have

…in relation to our view based on the weekly chart published a week ago (below article): A breakdown through an “ideal” double bottom formation and scenario 2 might be in play. The long weekend in US (market is open but lower liquidity expected) can present itself as a perfect envirnoment for a quick manipulation. Do you agree with us? Intraday

Commodity markets had a volatile week but currently they are rather calm ahead of key events, the FOMC reate decision today and the OPEC meeting next week. Crude is stable just above recent lows while yesterday API reported surprise built up in crude and even bigger rise in gasoline inventories.Corn reacted strongly on bullish Wasde data as market expected increase

Short recap Asian with wake up call from China Europe opening flat to higher FOMC and ECB Minutes left the market without any illusions Fed likely to be more dovish, ECB still on split over QE end Germany – Socialists under strong pressure to form government France – US corporates like Macron story, likely to increase investments in FR Brexit – May meeting Tusk in

Short recap Asia printing new 10-yr high as on optimism from Fed Europe opening lower FOMC – no changes, non event Just reconfirmed all with economic activity to solid from moderate Dec hike a done deal IMF warns volatility products loom as next big market shock link Selling volatility complex products can be the trigger if volatility suddenly increases

Short recap Asia up reaching 10 yr high Europe opening flat to lower Spain gave until Monday Catalonia to drop independence Otherwise will take over all powers over the autonomy region Oil inventories rising even though OPEC is cutting production FOMC Minutes – inflation debate intensified Some patience to assess inflation path warranted But others are looking at Dec hike Doves and Hawks at Fed chart

Short recap Asia up on dovish feeling Fed (stocks, bonds and commodities up) Europe opening flat ECB’s Nowotny – some room to reduce asset purchase from Jan 2018 but not stopping them EU warned US over new sanctions against Russia as energy security is on the table UK’s Rudd promised to keep access for EU workers UK’s car industry production down

Short recap Asia mostly in red Europe opening higher Trump in Poland to reassure about commitment to Eastern Europe through gas and military support Before meeting with Putin Also to outline the future relationship with Europe as such FOMC Minutes show a split and no timing on balance sheet reduction US ready to use force against North Korea but looking for a diplomatic